The Board of Directors of Force Motors approved the re-appointment of three independent directors for a second consecutive five-year term on July 29, 2026. The decision, based on the recommendation of the Nomination and Remuneration Committee (NRC), ensures continuity in governance as the directors serve until August and September 2032. These appointments remain subject to approval by the shareholders of the company.

The Board meeting, held on July 29, 2026, commenced at 2:56 p.m. and concluded at 4:23 p.m. The company confirmed that the appointed directors are not debarred from holding office by SEBI or any other authority. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Director Appointments

The company sought to re-appoint the following independent directors:

Profiles and Expertise

Vallabh Bhanshali is the Co-founder and Chairman of Enam Securities. He has served on policy-making bodies including the Reserve Bank of India and is a Founding Member of the Governing Board of Flame University and ISPP. He is also a recipient of two honorary doctorates and has been admitted to the Hall of Fame of the Institute of Chartered Accountants.

Mukesh Patel is an Advocate and International Tax Expert with nearly five decades of experience. He has served on the Justice Easwar Committee for Simplification of the Income-tax Act and was appointed as the First Honorary Consul of Japan in India in 2024. He currently serves on the boards of Zydus Lifesciences Limited and Desai Brothers Ltd.

Sonia Prashar brings nearly three decades of experience in international trade and Indo-European cooperation. She is the Managing Director of Nuernbergmesse India Private Limited and serves as Secretary General of the Federation of European Business in India. She holds an MBA Essentials from the London School of Economics and Political Science.

The Board of Directors of Force Motors approved a proposal to alter the Object Clause of its Memorandum of Association (MoA) during a meeting held on July 29, 2026. This strategic amendment seeks to broaden the company’s operational scope, enabling it to embark on new projects that can be conveniently combined with its existing business activities. Crucially, the revised clause will allow Force Motors to cater to requirements for power generation, either for captive use or for external commercial supply, signaling a potential expansion into energy infrastructure alongside its core automotive operations.

The decision was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The Board considered the proposal during a meeting that commenced at 02:56 p.m. and concluded at 04:23 p.m. on Wednesday, July 29, 2026. While the Board has approved the alteration, the change is not yet effective; it remains subject to the approval of the company’s shareholders. Management indicated that details regarding the process for seeking member approval would be intimated in due course.

Details of the Proposed Alteration

The alteration is designed to make the Objects Clause more comprehensive. According to the disclosure filed with the exchanges, the specific changes aim to cover a wide range of activities. This flexibility is intended to facilitate the consideration of new projects without requiring frequent amendments to the foundational documents. The inclusion of power generation activities suggests a move towards energy self-sufficiency or potentially becoming a power supplier, which could impact future capital expenditure plans and revenue streams.

Regulatory Compliance and Disclosures

The intimation was issued under clause 14 of para A of part A of Schedule III, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company notified both the BSE Limited and the National Stock Exchange of India Ltd. of the outcome. Rohan Sampat, Company Secretary & Compliance Officer (M. No.: F14037), signed the disclosure on behalf of the company.

This expansion of the object clause is a procedural step that provides legal cover for diversification. For investors, the key takeaway is the explicit mention of "external commercial supply" of power, which may indicate a strategic pivot or a response to rising energy costs in manufacturing. The actual impact on financials will depend on whether these new activities are pursued aggressively and how they are funded. Until shareholder approval is secured, the company’s legal capacity to engage in these new ventures remains constrained by the existing MoA.